Stratis has been on a tear after weathering last week’s correction in good shape and surging to new highs afterward. Since then, it has established a new uptrend and kept on delivering great returns. The BTC pair recently broke out above the 0.0030 level, and the move remains intact, suggesting more upside. The token more than doubled compared to its pre-correction highs in Bitcoin terms.
As the rise is definitely extended right now, this is not the best time to enter long-term positions, but the coin is a hold, and short-term positions could be still opened. Just don’t forget to differentiate between the two. Position sizing is key; remember that trading and investing are two different things. In the case of a correction, look for re-enter opportunities around 0.00215.
Possible targets: 0.0034, 0.0037, and 0.0040.
Is anyone holding the coin right now? Let us know down in the comment section!
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